The Kurdistan Regional Government (KRG) has reached an agreement with the Iraqi federal government on measures to allow the resumption of KRG oil exports through Türkiye. The deal grants the Iraqi government control over exports (sales of KRG crude oil will be managed by the Iraqi oil company State Oil Marketing Organization, with export revenues paid into an account jointly owned by the two governments) with the aim of immediately resuming sales. Until the halt to exports, Kurdistan had offered below-market preferential prices to international buyers.
In March 2023, Iraq stopped exporting 450,000 bbl/d of crude oil from the Kurdistan region via a pipeline to the Turkish port of Ceyhan after the country won an international arbitration. The Iraqi government claimed that Türkiye violated a joint agreement by allowing the KRG to export oil without its approval.